About a week ago, the defence ministry approved the sixth Positive Indigenization List (PIL) of 780 items, which will further curtail defence imports. The share of imports, which is about 35 per cent of the total defence procurement budget, has come down in the last two to three years.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.
May 10, 2025